Oil producers meet in Riyadh to discuss Libya-Italy govt source

ROME Feb 22 (Reuters) - Oil producing countries met
informally in Riyadh on Tuesday to discuss a possible OPEC
meeting to consider increased production because of the Libya
crisis, an Italian government source told Reuters on Tuesday.

The source said the oil producers were worried by the
activity of price speculators.

"There are informal meetings of oil producing countries
under way in Riyadh to evaluate the situation ... and decide
whether to call an official meeting of OPEC to discuss whether
to increase production," the source said.